Last checked at 10 Feb 2015 07:00
Halma plc
Trading Update
10 February 2015
Halma, the leading safety, health and environmental technology group today releases a Trading Update covering the period from 28 September 2014 to date.
Based on current trading and forecasts, the Board expects adjusted profit before tax for the year ending 28 March 2015 to be in line with market expectations (see notes 1 and 2).
The trading patterns reported for the first six months of the financial year have continued in the second half, with organic constant currency revenue growth in all regions. The USA has maintained a strong performance with Mainland Europe, the UK and Asia Pacific all showing steady progress. Order intake has remained slightly ahead of revenue.
All four sectors have also reported organic constant currency revenue growth. Process Safety has continued to perform strongly while Infrastructure Safety and Medical have maintained good progress. Environmental & Analysis is showing an improved performance compared with the first half of the year, with trading in the second half broadly in line with the same period last year.
Due to movements in exchange rates, currency translation is now expected to have a 2% adverse impact on the full year results versus the 3% estimated at the time of the half year results.
The Group's financial position remains strong. We continue to identify potential acquisition opportunities which meet our strategic and financial criteria.
The results for the year ending 28 March 2015 are expected to be released on 11 June 2015.
Conference call
Andrew Williams (Chief Executive) and Kevin Thompson (Finance Director) will host a conference call for analysts and investors on this announcement at 8.00am (UK time) today (10 February). To join the call, please use the dial-in numbers below:
Dial: +44 (0)20 3139 4830
PIN: 55589690#
For further information, please contact:
Halma plc Tel: +44 (0)1494 721111
Andrew Williams, Chief Executive
Kevin Thompson, Finance Director
MHP Communications Tel: +44 (0)20 3128 8100
Rachel Hirst/Andrew Jaques
Notes:
1. | Adjusted profit before tax is before amortisation of acquired intangible assets, acquisition transaction costs, movement on contingent consideration and profit on disposal of operations.
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2. | The Board believes current market forecasts for adjusted profit before tax to be in the range of £145.6m to £156.5m with a consensus of £150.7m.
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3. | This Trading Update has been prepared solely to provide additional information to the shareholders of Halma plc. It should not be relied on by any other party, for other purposes. Forward-looking statements have been made by the Directors in good faith using information available up until the date that they approved this statement. Forward-looking statements should be regarded with caution because of the inherent uncertainties in economic trends and business risks.
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4. | A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com
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